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Form N-PX · fund seriesSEC series no. S000001246

Small Cap Value Fund

A series of NORTHERN FUNDS

Vote records
4,003year to 30 June 2026
Against management
5.6%214 of 3,815 marked votes
Say-on-pay support
92.7%for, of for + against + abstain
Shareholder-proposal support
87.5%for, of for + against + abstain

Small Cap Value Fund is a series of NORTHERN FUNDS. For the year to 30 June 2026 its registrant reported 4,003 vote records for the series; 5.6% of the votes marked for or against management went against management. It voted for 92.7% of say-on-pay items and for 87.5% of proposals from security holders.

Compared with its registrant and family

year to 30 June 2026This seriesIts registrantNorthern Trust and FlexSharesMedian fund registrant
Against-management share5.6%9.0%10.3%6.2%
Say-on-pay support rate92.7%90.2%85.5%91.6%
Shareholder-proposal support rate87.5%47.0%45.8%27.5%

Votes by category

foragainstabstain, withhold or otheramber tick: the portion cast against management

Category (as the form names it)VotesForAgainstAgainst managementSplit
DIRECTOR ELECTIONS2,6632,530375.0%
SECTION 14A SAY-ON-PAY VOTES430365357.9%
AUDIT-RELATED40840800.0%
SHAREHOLDER RIGHTS AND DEFENSES76114.3%
EXTRAORDINARY TRANSACTIONS484536.3%
CAPITAL STRUCTURE4032820.0%
COMPENSATION1281072116.4%
CORPORATE GOVERNANCE9789812.4%
ENVIRONMENT OR CLIMATE110100.0%
HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE110100.0%

By season

SeasonVote recordsAgainst managementSay-on-pay supportShareholder-proposal support
year to 30 June 20243,7646.7%95.3%58.8%
year to 30 June 20254,0725.3%94.9%50.0%
year to 30 June 20264,0035.6%92.7%87.5%

Questions

How often did Small Cap Value Fund vote against management?

5.6% of the votes its registrant marked for or against management in the year to 30 June 2026 (214 of 3,815).

How did Small Cap Value Fund vote on executive pay?

It voted for 356 of 384 say-on-pay items cast for, against or abstain (92.7%).

Is this the result of the meetings?

No. Form N-PX shows how the fund voted the shares it held. It does not show how other shareholders voted or what the outcome was.

Where does the data come from?

From the Form N-PX filed by NORTHERN FUNDS, which lists the series that cast each vote. The SEC does not verify the contents. Data runs through 23 Sep 2026.

Provenance: SEC EDGAR, Form N-PX filed by NORTHERN FUNDS (filer no. 916620); votes attributed to series S000001246 by the filer. Not verified by the SEC. Filings read through 23 Sep 2026.